#TrumpTaxCuts

"The #TrumpTaxCuts, officially known as the Tax Cuts and Jobs Act (TCJA), were signed into law in 2017. Key provisions included:

- *Lower corporate tax rate*: Reduced from 35% to 21%

- *Individual tax brackets*: Adjusted rates and increased standard deductions

- *Estate tax exemption*: Doubled to $11.2 million

The TCJA aimed to boost economic growth, increase competitiveness, and provide tax relief. Proponents argue it spurred investment and job creation, while critics claim benefits disproportionately favored corporations and high-income individuals. The law's impact remains a topic of debate, with some arguing it contributed to economic growth and others pointing to increased deficits."